Comcast 1Q profit more than triples
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PHILADELPHIA -- Comcast Corp., the nation's largest cable TV operator, said Thursday its net income for the first quarter more than tripled, buoyed by strength across all its business lines including once-lagging digital voice. The company earned $466 million (375.38 million), or 22 cents a share, in the latest quarter, compared with...
Yell Buys Stake in Telefonica Unit
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LONDON -- Yell Group PLC said Friday it has agreed to buy a majority stake in the telephone directories arm of Spain's Telefonica SA and announced a 3.07 billion euros ($3.85 billion) takeover bid for the entire division. The move bolsters Yell's plans to build its business through acquisitions following last year's purchase by its U.S....
Mobile TV's XXX Factor
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If mobile video is the next killer app, then erotic content is quickly becoming that killer app's biggest booster. Mobile TV industry sources say that outside the U.S. as much as 30 percent of the video content viewed on mobile devices is pornography. (See Mobile TV Gets Moving.)Read...
EC OKs tele.ring Sale; Demands UMTS Divestiture
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After eight months of deliberation, the European Commission has finally given its approval to the $1.6 billion acquisition of tele.ring, Alltel's Austrian business, by Deutsche Telekom subsidiary T-Mobile Austria GmbH -- but demanded that tele.ring divest its two 3G/Universal Mobile Telecommunications System (UMTS) frequency blocks as a...
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